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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Qualcomm, Robinhood, Starbucks, Disney & more
▼ + stars: | 2024-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.

Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill

☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ Inflation comes for your oysters
▼ + stars: | 2024-08-11 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

Wholesale oyster prices soared to triple digit highs in 2022 and only began coming down late last year. The sheer lack of wild-caught oysters is the biggest supply issue underlying market fluctuations, and industry experts say the problem can be traced back more than 10 years. Branch estimates that up to 60% of the current oyster supply comes from farms — a near-complete turnaround from 20 years ago, when 70% of oysters were wild-caught. Qiu echoed Branch’s assessment, adding that the remaining wild oyster reefs are only a small fraction of their historic numbers. “Climate change is making growth really difficult to be consistent … there’s just a whole lot of things that can go wrong with farming oysters,” Qiu said.

Persons: that’s, ”, Julie Qiu, Wells Fargo, “ We’ve, David Branch, Qiu, ” Qiu, Gen Z, “ Organizations: New, New York CNN, US Federal Reserve, Food Institute, Branch Locations: New York, Wells Fargo, New York City, Wells, Gulf of Mexico, Louisiana, —

☆ Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won't hit locals' wallets
▼ + stars: | 2024-08-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.

Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, —, Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona

☆ What to know about menopause, according to a doctor
▼ + stars: | 2024-08-10 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

Around 90% of women experience menopausal symptoms, which can include hot flashes, sleep disturbances, mood alterations and weight gain. Some 94% of US women reported never being taught about menopause at school, according to a 2023 study. Most women go into menopause between ages 40 and 58, with the average age of experiencing menopause being 51, according to the North American Menopause Society. Last year, the US Food and Drug Administration approved a medication, fezolinetant, specifically for use in reducing hot flashes. However, studies have shown that many providers are not trained to provide the full range of options for menopause treatment.

Persons: Leana Wen, Wen, It’s Organizations: CNN, George Washington University, US Food and Drug Administration Locations: United States, midlife

The U.S. is in what may end up being its biggest summer wave of Covid, with no end yet in sight. This year’s summer wave also began earlier than last year’s, Jha said. “Besides that, there’s not much that we can sort of put our finger on to say this is what’s driving this summer surge," Pekosz said. Jha said that what happens this winter is impossible to predict but that there could be a silver lining to a large summer wave. “A big summer wave tends to lead to a little bit of a smaller winter wave and vice versa, just because there’s a little bit more immunity in the population,” he said.

Persons: ”, Ashish Jha, “ It’s, ” It's, There's, Maria Van Kerkhove, Van Kerkhove, Rosem Morton, Jha, Andrew Pekosz, “, there’s, Pekosz, Michael Phillips, epidemiologist, ” Phillips Organizations: Brown University School of Public Health, White, Covid, World Health Organization, Centers for Disease Control, The Washington, Getty, Food and Drug Administration, CDC, Johns Hopkins Bloomberg School of Public Health, didn't, NYU Langone Health Locations: U.S, Europe, Washington, Western U.S, Texas, California, Florida, North Carolina, Covid, New York City

☆ China rocket launch creates cloud of space debris in low-Earth orbit
▼ + stars: | 2024-08-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —One of China’s Long March 6A rockets has broken apart in low-Earth orbit and created a debris cloud consisting of hundreds of pieces, according to multiple space debris-tracking entities. And the reason for the rocket breakup remains unknown. Everything in low-Earth orbit travels at 17,500 miles per hour, Crassidis said. It’s the second time one of these rocket bodies has experienced a significant breakup event in low-Earth orbit, according to Victoria Heath, associate director of marketing and communications for LeoLabs. “Events like this highlight the importance of adherence to existing space debris mitigation guidelines to reduce the creation of new space debris and underscore the need for robust space domain awareness capabilities to rapidly detect, track, and catalog newly-launched space objects so they can be screened for potential conjunctions.”

Persons: China’s, SpaceX’s, “ USSPACECOM, ”, Rob Margetta, LeoLabs, John L, Crassidis, “, It’s, Victoria Heath, Audrey Schaffer Organizations: CNN, Taiyuan Satellite, Shanghai Spacecom, Satellite Technology, Space Command, US Department of Defense, NASA, International, Network, University, Buffalo’s School of Engineering, Applied Sciences, LeoLabs, Aerospace Locations: Taiyuan, Shanghai, Victoria

☆ Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market
▼ + stars: | 2024-08-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening. Stock market futures, which had been negative earlier, turned sharply positive following the 8:30 a.m. In the previous week, claims had jumped by 14,000, adding to worries that layoffs are on the rise. "If you're looking for additional weakness in the labor market, you'll need to find it somewhere else." Concerns escalated over the state of the labor market following last Friday's nonfarm payrolls report, which showed an increase of just 114,000 in July.

Persons: Dow Jones, Beryl, Robert Frick, nonfarm Organizations: Labor Department, Navy Federal Credit Union, Federal Reserve Locations: Michigan, Texas, U.S

☆ Disney beats estimates as combined streaming services turn a profit
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Disney's combined streaming business, which consists of Disney+, Hulu and ESPN+, turned a profit for the first time — and it happened a quarter earlier than the company had expected. Executives on Wednesday's earnings call touted the progress of Disney's streaming business toward profitability, a goal for all media companies as they look to chase customers switching to streaming. The combined streaming business posted an operating profit of $47 million compared with a loss of $512 million in the same quarter last year. Meanwhile, in May, Disney highlighted a slightly different metric, noting that Disney+ and Hulu together turned a profit, but when combined with ESPN+, the streaming businesses suffered a loss. "I feel very bullish about the future of this business," Iger said during the call.

Persons: Bob Iger, Hulu, Jaque Silva, Iger, We're, Hugh Johnston, Johnston Organizations: Disney, Hulu, ESPN, Getty, Total Hulu, Revenue, Netflix, Warner Bros . Discovery, Fox, Star India Locations: PARAGUAY, India

☆ Chief money managers are using the stock-market carnage to funnel into key sectors. Here's what they're buying.
▼ + stars: | 2024-08-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Thursday brought more negative news from the jobs market: unemployment insurance claims for the week ending July 27 were up by 14,000 from the previous week to 249,000. Stepping back from last week's weak data, chief investment officers and top strategists say the market is overreacting, and they're using this as a buying opportunity. Related storiesSimilarly, the manufacturing data is not as foreshadowing as it seems on the surface. "But the ISM manufacturing data can be a leading indicator of S&P earnings, particularly the new order number." "If you look at non-US stocks and you look at their valuations, they're trading at about 13 times earnings," Calcagni said.

Persons: Dow, we've, Philip Straehl, Morningstar, Goldman Sachs, Jan Hatzius, Alicia Levine, Levine, it's, what's, Morningstar's Straehl, Simeon Hyman, Hyman, Donald Calcagni's, Calcagni Organizations: Service, Nasdaq, Institute for Supply, Business, BNY, Big Tech, Mercer Advisors Locations: Americas

Young people, especially women, are increasingly talking on social media about gastrointestinal distress, such as irritable bowel syndrome or chronic bloating. Some experts say that’s mostly a good thing, because it may help others seek help for a topic that has been taboo. Here’s what else medical professionals suggest you do if you’re experiencing digestive discomfort. Why are more young people talking about digestive problems so much? Food sensitivities can trigger IBS symptoms, so adjusting your diet and exercising more also may make a difference.

Persons: Nina Gupta, Uma Naidoo, didn’t, ”, Naidoo Locations: Chicago, Massachusetts

☆ A cancer dietitian shares 3 lunches that could help prevent colon cancer, a condition on the rise in young people
▼ + stars: | 2024-08-05 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

Cancer is typically associated with older people, but the percentage of colorectal cancer cases in those under 55 doubled between 1995 and 2019, from 11% to 20%, according to the American Cancer Society. However, it's understood that lifestyle factors such as being overweight, being physically inactive, drinking alcohol, and eating lots of red meat and ultra-processed foods increase colon cancer risk, Meredy Birdi, a cancer dietitian based in London, told Business Insider. There's good evidence that eating fiber lowers colorectal cancer risk, she said. She shared three high-fiber lunch recipes that could help prevent colorectal cancer with BI. AdvertisementShe pairs the eggs with whole wheat toast for fiber and sprinkles some chopped chives on top for flavor.

Persons: —, It's, it's, Meredy, Birdi, She's Organizations: Service, American Cancer Society, Business, Centers for Disease Control, Prevention Locations: London

☆ I visited Abercrombie & Fitch for the first time in years. The brand is back from the dead, but its menswear may not be.
▼ + stars: | 2024-08-05 | by ( Gianluca Russo | ) www.businessinsider.com time to read: +1 min

I visited Abercrombie & Fitch to see if the brand is living up to its recent hype. The brand has been revived, in part, by millennial nostalgia, but I don't feel a connection to it. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Fitch, —, millennials Organizations: Abercrombie, Service, Business

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Dow Jones, Jim Cramer, would've, Eli Lilly, Mounjaro, Berkshire Hathaway, Krystal, Tyson, BAX, Owens, Walt, Oscar Health, CRON, Krispy, Papa, Jim Cramer's, Jim Organizations: Nasdaq, Dow, Reserve, Broadcom, Devices, Palo Alto, PMI, Wynn Resorts, Investors, Wynn, Wynn Palace, U.S . Disney, Management, and Drug Administration, Carlyle Group, Krystal Biotech, Tyson Foods, TSN, Alpha Metallurgical Resources, BioCryst Pharmaceuticals, Axsome Therapeutics, Technologies, Clover Health, Realty Income Corp, Avis Budget Group, CSX Corp, CSX, Simon Property Group, Sterling Construction Company, Teradata Corp, Yum China Holdings, ZoomInfo Technologies, Holdings, Caterpillar, Baxter International, Vulcan Materials Company, Allegheny Technologies Incorporated, Constellation Energy Group, Marathon Petroleum Corp, Owens Corning Inc, Duke Energy Corp, GXO Logistics, Brands, Builders, Wynn Resorts Ltd, WYNN, Rivian Automotive, Devon Energy Corp, GigaCloud Technology Inc, Lumen Technologies, VF Corp, Walt Disney Co, Novo Nordisk, CVS Health, Aurora Cannabis Inc, Emerson Electric Co, Sony Group Corporation, SONY, Inc, ODP Corporation, Icahn Enterprises, MannKind Corp, ACM Research, Brink's Company, AppLovin Corporation, Digital Turbine, Sarepta Therapeutics, Occidental Petroleum Corp, Bros, SolarEdge Technologies, Aspen, Coeur D'Alene Mines Corp, Co, Vistra Energy, Cheniere Energy, Cronos, Himax Technologies, Properties Trust, Papa John's, Paramount Global, Trade, Lab, B2Gold Corp, Honest Company, Gilead Sciences, Growth, Nikola Corporation, Embraer, New Fortress Energy, Construction, Jim Cramer's Charitable, CNBC, Disney, Pixar Locations: Palo, Macau, Las Vegas, Boston, Vegas, Wynn Macau, China, Novo, Coeur, Gilead

“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, —, Trump, ”, Andrew Hitt, “, Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, ”, Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota

☆ Sean Grayson’s fatal shooting of Sonya Massey highlights risky practice of hiring ‘wandering officers’
▼ + stars: | 2024-08-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +20 min

The suspension of former Sangamon County Sheriff’s Deputy Sean Grayson’s law enforcement certificate came only after he was fired and charged with murder. Sean Grayson, a deputy with the Sangamon County Sheriff’s Office, faces multiple charges in the shooting death of Sonya Massey. ‘We can’t have you in our uniform’Grayson worked at six Illinois law enforcement agencies over a four-year period. Then he started working full time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. The union representing Illinois law enforcement officers said it will not challenge Grayson’s termination.

Persons: Sonya Massey, Sean Grayson’s, Grayson, Massey, “, they’ve, ”, Christy Lopez, Obama, Lopez, “ It’s, ” Lopez, Sean Grayson, It’s, CNN Grayson, Daniel Fultz, Jack Campbell, ” “ Grayson, ” Campbell, ” Grayson, Campbell, Brian Grisham, Bryce Dubee, “ Sean P, Kincaid, KSHB, ” Grisham, Grayson “, Logan, admonishing Grayson, “ I’m, George Floyd, Derek Chauvin, Floyd, Chauvin, Michael Brown, Ferguson, –, it’s, Barack Obama’s, ” Laurie Robinson, ” Decertification, Grisham, “ We’ve, Holly Yan, Bill Kirkos, Amanda Musa, Andy Rose, Chris Boyette, Brad Parks, Dakin Andone Organizations: CNN, Army, International Association of Chiefs, Police, Georgetown University, US Justice Department, Illinois, US Army, Department of Defense, Kincaid Police Department, KSHB, International Association of, DOD, Board, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Sangamon County Sheriff’s, of Police Labor Council, George Floyd Justice, Minneapolis Police, Internal Affairs, Ferguson Police Department, Justice Department, George Mason University, Peace, Yale Law, “ Police Locations: Illinois, Sangamon County, Sangamon, Fort Riley, Kansas, Macoupin, Logan, Logan County, Missouri, Ferguson, St, Louis County, “, California , Massachusetts, Minnesota , Tennessee , New York , New Jersey, Texas

☆ 3 reasons to worry about July’s weak jobs report — and 1 reason not to panic
▼ + stars: | 2024-08-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier this week. By now, there’s ample evidence that the job market, a key driver of the US economy, has lost steam. Here are three reasons to be worried about July’s shockingly weak jobs report — and one silver lining. Consumer demand itself also hasn’t weakened just yet, despite the highest interest rates in more than two decades. Generally, the Fed makes its decision congruent with what’s going on with inflation or the job market.

Persons: , July’s, ’, ”, Claudia Sahm, Sahm, Elizabeth Crofoot, Alicia Wallace, Jerome Powell, ” Crofoot, ” Michael Gapen, Matt Egan, weren’t, ” Truist’s Keith Lerner, they’ll, hasn’t, ” Chris Rupkey, Alan Blinder, Paul Krugman Organizations: New, New York CNN, Federal Reserve, Fed, Bloomberg, Bank of America, Dow, Nasdaq, Wall, Investors, Labor, Citigroup, JPMorgan Locations: New York, decelerate, American

That level of intensity in a short period of time necessitated a crew of hardened professionals, several sources with knowledge of Harris' strategy said. Next week, a major campaign swing, then the convention and then it’s the debate,” one person with knowledge of Harris’ strategy said. Mitch Stewart will act as a senior adviser on battleground states, and Palmieri will serve as senior adviser to the second gentleman. “In Wisconsin, we have had more online volunteer sign-ups since July 21st than between January 1st and July 20th,” a Harris campaign aide said. “That’s a game-changer to a ground game in a small state like Nevada,” Molly Forgey, a Nevada Democratic strategist, said.

Persons: Kamala Harris ’, David Plouffe, Barack Obama’s, Stephanie Cutter, Jennifer Palmieri —, Harris, Joe Biden’s, Mike Donilon, Steve Ricchetti, Obama, Mitch Stewart, Palmieri, Brian Fallon —, ”, Pete Giangreco, Biden, Trump, “, Cutter, Jen O’Malley Dillon, Julie Rodriguez, “ Harris, Molly Forgey, Forgey, there’s, —, Chris Korge, he's Organizations: Democratic, White, Trump, “, Democratic National Committee, Democratic Congressional, Committee, ”, Nevada Democratic Locations: “, Arizona, Nevada, Wisconsin, “ In Wisconsin, Philadelphia, ” In Nevada

Jim Cramer said Friday the Fed should have cut at this week's meeting. Those were in place with AMD because Jim Cramer mentioned the stock on CNBC TV over the past 72 hours. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow Jones, here's, Eli Lilly, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Federal Reserve, Fed, Bond, chipmaker Broadcom, AMD, Palo Alto, Nvidia, Wynn Resorts, Disney, Jim Cramer's Charitable Locations: U.S, DuPont, Dover, Wells

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ How Does Your State Make Electricity?
▼ + stars: | 2024-08-02 | by ( Nadja Popovich | ) www.nytimes.com time to read: +58 min

Wind turbines provided just 1 percent of the electricity produced in the state in 2001 and nearly 60 percent last year. How Kentucky made electricity from 2001 to 2023 Percentage of power produced from each energy sourceCoal still generates the majority of the electricity produced in Kentucky, a longtime coal mining state. Since then, virtually all of the electricity produced in the state has come from renewable sources, including hydropower, biomass, wind and solar. It has supplied more than 85 percent of the electricity produced in the state every year for more than two decades. Last year, wind supplied more than a fifth of the electricity produced in the state.

As the Fed lowers rates, mortgage rates are expected to go down. "Mortgage rates declined to their lowest level since early February," Sam Khater, Freddie Mac's chief economist, said in a press release. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Barely Tick Down (-0.05%)The average 15-year mortgage rate is 5.55%, five basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: Freddie Mac, Jerome Powell, Sam Khater, Freddie Mac's, you'll, It's, refinance, they've Organizations: Reserve, Zillow, FHA Locations: Chevron

Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.

Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon

☆ Linde extends its streak of earnings beats, flexes ability to handle any economy
▼ + stars: | 2024-08-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. We're not the only investors who have come to covet the company's ability to deliver steady earnings growth regardless of the economic conditions. But if there is a worsening of economic conditions, Lamba said Linde will take action quickly to protect profits. "That was just a very solid quarter," Jim Cramer said Friday. Guidance For the third quarter, Linde expects adjusted EPS in the range of $3.82 to $3.92, implying 5% to 8% growth compared with the year-ago period.

Persons: Linde, LSEG, . Linde, —, We're, South America —, Sanjiv Lamba, Lamba, Matthew White, White, Jim Cramer, Jim Cramer's, Lin, Jim, Rolf Schulten Organizations: Revenue, Products, Linde, LIN, Taiwan Semiconductor Manufacturing Company, Linde's, CNBC, Bloomberg, Getty Locations: North America, America, South America, U.S, It's, Arizona, Americas, Europe, Middle East, Africa, Linde's Asia, China, Leuna, Germany

☆ Buy gold and oil for protection as Middle East tensions escalate, UBS says
▼ + stars: | 2024-08-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

As tensions escalate in the Middle East , investors should consider adding gold and oil as a hedge. "A wider regional war could affect oil supplies, which would likely lead to quick price spikes. Gold, meanwhile, should serve its role as a more conservative asset," UBS analysts led by Tilmann Kolb told clients in a Wednesday note. Gold has risen since the Beirut strike, "underlining its risk hedge characteristics," the analysts said. High demand from banks and a likely uptick in demand when the Federal Reserve lowers rates should also push gold prices higher, they said.

Persons: Tilmann Kolb, Ismail Haniyeh, Ayatollah Ali Khamenei, Fuad Shukr Organizations: UBS, New York Times, Federal Locations: East, Israel, Iran, Tehran, Lebanon, Golan Heights, Beirut

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